Certain provisions of the loan originator compensation rule – such as those having to do with record retention, anti-steering and compliance and procedures – kick in January of 2014.
CFPB director Richard Cordray could be softening somewhat in response to the mortgage industry’s plea for regulatory enforcement relief when the new rules take effect in January.
The city council’s favorable vote represents a rare notch in the win column for MRP, which has suffered numerous defeats in local jurisdictions across the nation, likely at a substantial loss to the firm’s financial backers.
Over the years, HUD has seen a steady decline in its staffing level – perhaps to its lowest level ever, in fact – while at the same time being called upon to administer an increasing number of programs.
The government is seeking due diligence reviews performed by Clayton, as well as all communication between the clients for whom the company performed such work.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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